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LeasingNewsVirginia

Divaris Selected to Lease More than 220,000 Square Feet at Peninsula Town Center in Hampton, Virginia

by Abby Cox

Hampton, Va. — Divaris Real Estate has been selected to oversee retail leasing on behalf of Linville Team Partners for three buildings at Peninsula Town Center in the Hampton Roads area. The 227,424-square-foot leasing assignment — which will include buildings F, G and H — will focus on expanding the center’s dining options, introducing new-to-market retailers and attracting experiential entertainment, fitness, wellness and service-oriented businesses. The 1.1 million-square-foot open-air center opened in 2010 and features a mix of tenants including a fully remodeled Target, JCPenney, Barnes & Noble, H&M, PetSmart, Floor & …

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Brookside Marketplace
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Pine Tree Acquires Sponsor Interest in 10-Property Retail Portfolio Valued at $644 Million

by Abby Cox

Chicago — Chicago-based Pine Tree, a national owner and operator of open-air shopping centers, has acquired a sponsor interest in a 10-property retail portfolio valued at $644 million. The interest was acquired from SITE Centers in partnership with an undisclosed, large international investor. Spanning nine states, the portfolio comprises 3.5 million square feet and features a mix of tenants such as Target, Sam’s Club, Publix, ALDI, Sprouts Farmers Market, Food Lion, The Fresh Market, Lowe’s, Dick’s Sporting Goods, Best Buy, Marshalls, HomeGoods and Ross Dress for Less, among others. The portfolio …

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Midtown64
Grocery-anchoredLeasingMixed-useNewsVirginia

Greenberg Gibbons Signs Two New Anchor Tenants at $500 Million Mixed-Use Project in Richmond, Virginia

by Abby Cox

Richmond, Va. — Greenberg Gibbons has signed two new anchor tenants at Midtown64, a planned 64-acre mixed-use project in Richmond. The first phase of the $500 million development, which includes the project’s retail component, is expected to be completed in 2028. Trader Joe’s and Onelife Fitness will add approximately 130,000 square feet of leased space at Midtown64. Onelife Fitness, which will occupy 65,000 square feet across two levels, will feature a turf training area, an indoor saltwater swimming pool, a kid’s club, recovery suite and spa-inspired locker rooms, as well as …

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DevelopmentMixed-useNewsVirginia

Pembroke Realty Provides Updates on $300 Million Mall Redevelopment in Virginia Beach

by Abby Cox

Virginia Beach, Va. — Pembroke Realty Group has provided updates on the $300 million redevelopment of Pembroke Mall, a regional shopping mall in Virginia Beach that dates back to 1966. The project, renamed Pembroke Square, will comprise The Pembroke, a 284-unit luxury apartment community set to break ground in the coming months; and Tempo by Hilton, a 163-room hotel that is underway. Two additional phases are in pre-development, while approximately 26,000 square feet of retail space is expected to come on line through 2028. Pembroke Square also includes Aviva Pembroke, …

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Compass Creek Portfolio
Investment salesNewsVirginia

Atlantic Capital Brokers $20.2 Million Sale of Six Retail Properties in Northern Virginia

by Abby Cox

Leesburg, Va. — Atlantic Capital Partners has brokered the $20.2 million sale of six retail properties located in Leesburg. The portfolio features two strip centers and four freestanding pads that were purchased in separate transactions. The properties are situated within Compass Creek, a 200-acre mixed-use development anchored by Walmart, At Home and The Rinks. Totaling 25,830 square feet, the four freestanding pads are leased to Valvoline, Popeyes, Chipotle Mexican Grill and Starbucks. The portfolio also features a 15,805-square-foot strip center spanning two buildings, occupied by AT&T, Heartland Dental, Buffalo Wing …

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Academy to Open 11 New Stores Across Six States in Third Quarter 2026

by Abby Cox

Katy, Texas — Academy Sports + Outdoors has opened two new stores in St. Clairsville, Ohio, and Kerrville, Texas, with plans to open nine additional locations this quarter in Celina, Texas; McAlester, Oklahoma; Lacy Lakeview, Texas; Fayetteville, Georgia; Roanoke, Virginia; Statesboro, Georgia; Granbury, Texas; Millington, Tennessee; and Fairview, Texas. To date, Academy has opened seven new stores in 2026 and anticipates opening a total of 20 to 25 new locations this fiscal year. Academy Sports + Outdoors has opened more than 60 new locations since 2022, including 24 new stores across …

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Grocery-anchoredInvestment salesNewsVirginia

East Coast Acquisitions Purchases Grocery-Anchored Shopping Center in Norfolk, Virginia, for $31.2 Million

by Abby Cox

Norfolk, Va. — East Coast Acquisitions has purchased Southern Shopping Center, a 235,070-square-foot retail property located in Norfolk, for $31.2 million. Tenants at the center, which was 90 percent leased at the time of sale, include Food Lion, Ross Dress for Less, Planet Fitness, Dollar Tree, Advance Auto Parts and Bojangles. Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller, Hackney Real Estate Partners, in the transaction.

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Festival-Manassas
Grocery-anchoredInvestment salesNewsVirginia

Finmarc Sells Shopping Center in Manassas, Virginia, for $24.5 Million

by Abby Cox

Manassas, Va. — Bethesda, Maryland-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas. Ryan Sciullo, Chris Munley, Colin Behr and Casey Smith of CBRE represented Finmarc in the transaction. Situated near the intersection of Sudley and Portsmouth roads, Festival at Manassas was 88 percent leased at the time of sale to tenants including Global Foods, Golden Royal Buffet, SudsMore, My Salon Suites and Potbelly Sandwich …

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Investment salesNewsVirginia

SRS Real Estate Arranges $14.9 Million Sale of Two-Tenant Retail Property Near Washington, D.C

by Abby Cox

Vienna, Va. — SRS Real Estate Partners has arranged the $14.9 million sale of a two-tenant retail property located in Vienna, roughly 15 miles west of Washington, D.C. Built in 2019, the two-story building is fully occupied by Chick-fil-A on the ground floor, while Flagship Carwash operates a full-service facility on the second floor. Andrew Fallon and Philip Wellde of SRS represented the seller, the original developer of the property. The buyer was a local investor.

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